Avantax Advisory Services Inc. reduced its holdings in the Global X Cloud Computing ETF (NASDAQ:CLOU – free report ) by 14.8% during the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor sold 1,780 shares during the period and now owns 10,223 shares of the company’s stock. Avantax Advisory Services Inc.’s holdings in the Global X Cloud Computing ETF were worth $222,000 as of the latest SEC filing.
Other institutional investors and hedge funds also modified their holdings of CLOU. Raymond James Financial Services Advisors increased its position in the Global X Cloud Computing ETF by 538.4% in the fourth quarter. Raymond James Financial Services Advisors now owns 312,509 shares of the company, valued at $7,081,000, after purchasing an additional 263,555 shares in the last quarter. Clearwater Capital Advisors increased its position in the Global X Cloud Computing ETF by 193.9% in the fourth quarter. Clearwater Capital Advisors now owns 130,361 shares of the company, valued at $2,954,000, after purchasing an additional 86,012 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Global X Cloud Computing ETF during the fourth quarter, valued at approximately $1,670,000.Oppenheimer & Co. Inc. increased its holdings in Global X Cloud Computing ETF by 41.5% during the first quarter.Oppenheimer & Co. Inc. now owns 134,065 shares of the company’s stock, valued at $2,916,000, after purchasing an additional 39,307 shares in the last quarter.Finally, Beacon Pointe Advisors LLC increased its holdings in Global X Cloud Computing ETF by 48.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 65,385 shares of the company’s stock valued at $1,482,000 after purchasing an additional 21,404 shares in the last quarter.
Global X Cloud Computing ETF trades up 0.7%
NASDAQ:CLOU opened trading at $20.15 on Wednesday. Global X Cloud Computing ETF’s low and high in the past 12 months are $17.26 and $23.67, respectively. The company has a market capitalization of $417.51 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. The company’s 50-day moving average is $19.73 and its 200-day moving average is $20.95.
About Global X Cloud Computing ETF
(Free report)
Global X Cloud Computing ETF (CLOU) is an exchange-traded fund based on the Indxx Global Cloud Computing Index. The fund provides exposure to a market-cap weighted global equity index of companies involved in the cloud computing industry. CLOU was launched on April 12, 2019 and is managed by Global X.
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